pid-1

Isn't telecom kinda the same? Lots and lots of capex, turned into dumb pipes that can't extract value from their customers.

> Most people simply can't chain smoke and they need about an hour break in between smokes.

Major skill issue.

In general high quality niche stuff is very expensive e.g. Heavy Reading for teleco or Willmot magazine for quant finance.

I'm skeptical patents play a significant role at encouraging research. No correlation between stronger patent laws and more innovation has ever been found.

I'm also in favor of very light copyright laws, e.g. I don't think anyone should claim they are Coca Cola.

Congrats!

The terminal is also sort of an app platform for brokers and other firms to sell services to the buy side.

A few examples:

1. As a researcher, you can develop indexes and portfolios, then make those available to customers via bbg

2. Goldman has a service that let's you buy equities via SWAPs, if a fund can't hold said equities for regulatory or operational reasons. The whole service is a series of menus within the terminal.

3. Many brokers offer automatic trading services like "sell this notional but do it very slowly" etc etc... they do that via bbg

You can even buy some paint and build dedicated bus lanes. Some alien technology shit.

Or just use free props if you are a hobbist.

Retail investors do not have access to systems that calculate risk, margins, pnl, etc... and generally also don't have the necessary knowledge and market data to price such instruments correctly.

Most ppl are better off KISSing and lowering risk by selling equity for fixed income.

Absolutely 100% agree.

At the same time, one can make financial decisions based on risk rather than longterm expected returns.

For instance, I'm happy with fixed income yields rn.

What would scare me is losing a big chunk of my portfolio in a downturn, exactly when I'm also most likely to lose my job.

Hold short term debt (e.g money market funds or SOFR ETFs). Then you will have cash in hand if either stocks fall or yelds raise.

Never buy derivatives as a non institutional investor.

Radio modulation / coding (at least for 802.11) benefits greatly from paralelism (lots of matrix multiplication etc).

I imagine that using an ASIC is way more cost efficient vs using a CPU.

I've been using ChatGTP by voice for things like cooking and house repair stuff. It's quite convenient for situations in which your hands are busy.

Other week I fixed a a water valve. After planning the thing with ChatGTP I brought the new valve. Then I described what I was seeing as I swapped the old valve for the new one to make sure everything was right. Really cool experience!

No.

The maximum granularity is also 'per repo'.

1 If you never rebalance, you're never adding new stocks to the index, nor removing stocks that do not belong to it anymore.

2 You need to rebalance to take corporate events into account: new stocks, buybacks, dividends, etc...